According to a new report from Engadget, Microsoft is sending the following email to those of you who didn’t take the time to keep their free 15GB storage and who have currently more than 5GB of content stored on OneDrive. Additionally, the the company made it clear that it will start cutting in your free storage on July 27:

You will get this email if you didn’t opted in to keep your 15GB of free OneDrive storage.

If you have already received this email, this is actually not all bad: Microsoft will offer you a free one-year subscription to Office 365 personal, which includes access to the Office apps on your desktop PC, 1TB of OneDrive storage and 60 min of Skype credit per month to call landlines. Just click on the link to claim the free offer (you’ll need a credit card or a Paypal account to claim it), and don’t forget to turn off auto renewal if you don’t wish to use the subscription after the year ends.

If you’re over the 5GB storage limit and don’t claim this free offer before July 27, your personal content will become read-only for a year before Microsoft ultimately deletes it. In that case, you’ll have to manage the storage on your OneDrive account or purchase an Office 365 Subscription or a OneDrive storage plan. If you need some help through these steps, we previously shared a detailed walkthrough explaining how to go through them.

Of course, Microsoft may hope that more of you will subscribe to Office 365 Personal going forward, but the $69.99 yearly subscription is actually a pretty good value. Let us know in the comments if you already prepared for these upcoming storage cuts.